What is the net worth of Mark Zuckerberg in 2021?
Mark Zuckerberg is the co-founder and CEO of the social networking site Facebook, as well as a media tycoon and one of the world's youngest billionaires, with a net worth of $135 billion.
After a global outage of Facebook services on October 4, 2021, Mark's net worth plummeted by billions in a couple of hours. According to the Bloomberg Billionaire's Index, he lost nearly $6.1 billion in the last day, falling to the fifth richest man on the planet from his initial fourth position.
Since 2008, he has been named one of the world's 100 most influential people as part of Time Magazine's Person of the Year award, which he won in 2010. He was placed 10th on Forbes' list of the World's Most Powerful People in December 2016.
Quick Facts About Mark Zuckerberg
|Mark Zuckerberg Net Worth||$135 Billion|
|Full Name||Mark Elliot Zuckerberg|
|Date of Birth||May 14, 1984|
|Profession||Programmer, Entrepreneur, Businessperson|
Mark Zuckerberg Earnings, Salary, Career and More
Mark Zuckerberg accumulated his estimated $135 billion net worth as a result of the massive success of Facebook, which he founded in 2004. With a base salary of just $1, Zuckerberg is the company's lowest-paid employee, and his fortune is primarily based on his Facebook stock.
Mark presently controls roughly 400 million Facebook shares, which are divided into multiple classes with varying voting rights. He owns around 12 million Class A Facebook shares and 365 million Class B shares, accounting for roughly 81 percent of all B shares. He controls almost 58 percent of the company's voting power. On August 7, 2020, his net worth surpassed $100 billion for the first time.
Since Facebook's IPO in 2012, Zuckerberg has added an average of $9 billion to his net worth each year, despite making little in his position as CEO. He is by far the largest stakeholder in Facebook, with a market value of $82.2 billion, and his fortune grows in lockstep with the price of the stock.
Faced with the conundrum of what to do with his fortune, Zuckerberg and his wife issued a lengthy statement on Facebook (naturally) in 2015, stating their commitment to donate 99 percent of their Facebook shares to the philanthropic Chan Zuckerberg Initiative throughout their lives.
Mark Zuckerberg owns several properties. He and his family live in a modest 5,000 square foot home in Palo Alto, which he bought for $7 million in 2011. In 2012, Zuckerberg began purchasing the four homes that surround his home. The total cost was $43 million. He bought a 5,500-square-foot townhouse in San Francisco for $10 million in 2013. He spent more than $1.6 million on the renovations.
He paid $100 million for two estates on the Hawaiian island of Kauai in 2014. He paid more than $45 million for another 89 acres nearby in 2017. In 2018, he spent $59 million on two neighboring private Lake Tahoe waterfront properties.
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Mark Zuckerberg Relationship and Personal Life
Since 2012, Zuckerberg has been married to Priscilla Chan, a Chinese-American medical student whom he met while studying at Harvard. The longtime couple married one day after Facebook went public.
Mark Zuckerberg with his wife and daughters. (Source: Instagram)
On Facebook, the couple revealed that they were expecting both of their children. Max, who was born on November 30, 2015, and August, who was born on August 28, 2017, are the couple's two daughters.
Mark Zuckerberg Early Life, Family, and Education
He was born in White Plains, New York, to a prosperous and well-educated family. He grew up in Dobbs Ferry, a neighboring community.
Edward Zuckerberg, Zuckerberg's father, maintained a dentistry practice in the family's home whereas his mother, Karen, worked as a psychiatrist before the couple's four children, Mark, Randi, Donna, and Arielle, were born.
Zuckerberg was fascinated by computers from an early age, and at the age of 12, he used Atari BASIC to construct "Zucknet," a messaging application that was often used by the family to communicate within the house.
Phillips Exeter Academy, a prestigious prep school in New Hampshire, was where he studied. He went to Harvard University after graduating from Exeter in 2002. He dropped out of college after his sophomore year to focus full-time on his new firm, Facebook.